Graduation to Splash DEX

What happens when a token leaves the bonding curve

Graduation to Splash DEX

When a token reaches a market cap of 69,000 ADA, it graduates from the bonding curve. From that point on, trading continues on Splash DEX.

What happens at graduation

1. The bonding curve reaches 100%

   The token hits the graduation threshold and the bonding curve fills completely.

2. A Splash pool is seeded

   Snekfun seeds the Splash DEX pool using the liquidity accumulated on the bonding curve.

3. Liquidity stays locked

   The LP is burned, so the base liquidity remains locked.

4. Trading continues on Splash DEX

   The token keeps trading after graduation, and Snekfun routes post-graduation trades to Splash DEX.

What you see in the UI

• The bonding-curve progress reaches 100%
• The token page may briefly show a waiting state while the Splash pool is being seeded
• Once ready, the token page shows the Splash pool link

In the current UI, pool seeding can take around 5 to 20 minutes after the curve completes. Trust only the Splash link shown on the token page.

What does not change

• The token still has the same token page on Snekfun
• Creator rewards continue after graduation
• Trading fees still apply, but under the post-graduation fee model

Read these next:

• Bonding curve
• Creator rewards
• Trading fees